Bombardier Cuts CSeries Delivery Target

Bombardier announced a cut in CSeries deliveries for the year as Pratt & Whitney engine delays continue.

The company reduced its delivery forecast from 15 to 7 aircraft in 2016, with lower expected revenues for the year at Bombardier Commercial Aircraft.

Bombardier said it was working closely with Pratt & Whitney to address the engine supply ramp-up issue.

The Canadian plane and train supplier has already delivered two CS100s to SWISS, with a third due for delivery in October.

The first of the larger CS300s is expected to enter service with airBaltic in the fourth quarter.

“We are very pleased with the performance of the CSeries during its entry-into-service,” Bombardier Commercial Aircraft president Fred Cromer said. “The aircraft is meeting all expectations.”

As a result of the changed delivery forecast for the CSeries, the company expects revenue to be at the lower end of the USD$16.5 billion to USD$17.5 billion range.

Bombardier last week received the final USD$500 million payment for the Government of Québec’s investment in the CSeries.